The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

By piecing together key ingredients, the Globe‘s analysis indiâ€" cated that the governâ€" ment placed too high a value on the company‘s future earnings, did not reduce share value to The analysis is based upon exisfing condiâ€" tions at the time of the purchase, and takes no account of subsequent events. As you know, in spite of continued Opâ€" position pressure, the government has reâ€" fused to make public its own detailed valuaâ€" tion of the commpany, and in fact the governâ€" ment, for the first time in 100 years, invoked closure last November to end a filibuster deâ€" bate aimed at obtainâ€" ing the information. The subject of a heatâ€" ed debate in the Ontarâ€" io Legislature was an analysis of the Suncor purchase by the Toronâ€" to Globe and Mail which suggested that the province had paid at least $300 million and possibly as much as $345 million more than it should have done for 25 per cent of the company‘s shares. PAGE 10 â€" WATERLOOQ CHRONICLE, WEDNESDAY, MAY 12, 1982 player with AM FM _ Sterea Supertuner auto reverse muy« search bass. trable and loudness controls pius locking fast torward and rewind Includes a por of Proneer TS 107 4 dual cone speakers Proneer UKP 4200. in dash car cassette ployer with AM FM Stereo, autoâ€"reverse music search: loudness button, plus lock ing tast forward and rewind Includes a por of Tenna Phase Ii! three way 6x9 flush mount speakers Proneer UKP 7800 in dash car cassette 616 King 51. E. at Pandora, Kitchener, 579â€" 1950 Queen‘s Park Report The Conference Board in Canada has predicted that Ontarâ€" io‘s economy will this year decline more seâ€" verely than that of any other province. It forecasts that Onâ€" tario‘s economy will shrink by 2.1 per cent in 1982, compared to a David Peterson has charged that Suncor is dipping into its equity to pay shareholders bigger dividends than the company earned in an effort to justify the government‘s purâ€" chase. He noted that Suncor‘s earnings were reported at two cents a share, but that the company is paying divâ€" idends of 20 cents a share for this quarter. reflect the fact that less than control of the company was being purchased, may have underrated the extra risk involved in waiting for largeâ€"scale profits until 1994 and beyond, and underestimated the impact of an exâ€" tended world oil glut on the profitability of Sunâ€" cor‘s oil sands operaâ€" tion. . JVC RC MID fecoturing AM FM Stereo plus 4 short wave baonds 3 powtion tape select switch for normal. Cr02 and metal tape. output power 30 watts (15W + 15W) maonmum 2 woy speoker system {6‘A woofer and 2 tweeters) The JVC RC 363 is the ideal everydoy portable 1t features a high performance AM FM Stereo tuner (plus shortâ€"wave). a qualty cassette recotder and of course the great sound JVC is known far 166. closed a: Monday Open darly 10 6 Thues & fro 10 9 Cambridge store C In another matter, Jim Breithaupt, MPP Shortâ€"term job proâ€" grams are needed, he said, ‘"but what the Conference Board is saying to me is that the problems are severe, that they‘re structural and a lot of them are not going to go away, even if things come around ... we are losing industries and jobs that will never come back." David Peterson disaâ€" greed with the treasurâ€" er‘s optimism, and beâ€" lieves that ‘~we‘re fl)ing to see in the long rm a continued deâ€" cline." Ontario‘s provincial treasurer sees a brighter picture for Ontario, although he concedes that we are experiencing a rough first six months. year to 7.5 per cent this year, compared to a rise from 7.6 per cent to 8.7 per cent for all of Canada. drop in the nation‘s economy as a whole of 0.4 per cent. Our unâ€" employment will jump fro& 6.6 per cent last The NAD 3020 ampliher is ex ceptonal both in performance and value. and has been de clared one of the best buys in audio by music lovers around the world Includes 5 year extended warranty The Mission 700 speaker sets o new standard of excellence in thei price range Never before has such realstic music come from a compact speaker In cludes 10 year extended warranty .@. 3 e J U ) o000 on ’399. The Pair The bill would give judges wider discretion in dealing with cases involving beneficiaries in the Soviet Union, Poland and Czechosloâ€" vakia, allowing them to rule that payment not be made to Iron Curâ€" tain citizens and the money be divided among other benefiâ€" ciaries. ‘"‘We‘re dealing not only with possible valid claims which are then gutted by exchange regulations, but also with possible false or certainly spurious claims by soâ€"called relâ€" atives (which) the court cannot really inâ€" vestigate,"" Breithaupt maintained. As much as $16 milâ€" lion a year is diverted into Soviet government coffers from the esâ€" tates of former citizens who fled tu\eOntario. said David Peterson, in supporting the bill. (Kitchener) introduced a private member‘s bill under which commuâ€" nist authorities would be hampered in their attempts to loot the wills of East European immigrants. [ TMSH1O0OM He also discussed his policy of "bilateriaâ€" lism," which has "unâ€" fortunately escaped the notice of the business MacGuigan said that during the last decade, Ottawa has assisted Canadian companies in the international trade arena by financing exâ€" ports and marketing products. The external affairs minister added that he has personally led businessmen abroad to enlarge their markets and increase their sales. pursue even more agâ€" gressively the export markets and export opâ€" portunities we see around the world ... and of course, to give greater play to ecoâ€" nomic policy in our overall foreign policy," he explained. Foreign trade (Contrinued from page 9} Nancy Josslin of Waterloo did a little jig as she modelled in a May Flowers Fashion Show for senior ladies held recently at the Adult Recreation Centre. Commentary was by‘ Jennifer Toes (seated) of Zack‘s Fashions Ltd. in Westmount Place, which also supplied the fashions. One hundred and thirty women attended the show which also featured a makeâ€"up demonstration by Jodie Ferguson of Face and Figure, Waterioo. (Photo by Melodee Martinuk) A SHOW OF FASHION MacGuigan made special reference to the countries of South East Asia, with whom he would like to cultivate more extensive busi ness ties. According to the minister, Southeast Asia has one of the fastest growing econâ€" omies in the world today. ‘‘Malaysia, Singapore, Thailand ... the area has a real growth rate of about 8 per cent," he said. External affairs conâ€" tinues to conduct sevâ€" eral programs which foster the growth of ‘‘*What this policy means,‘‘ MacGuigan said, ‘"is that we conâ€" centrate all the efforts of our foreign policy in selling Canadian prodâ€" ucts abroad. In most countries what we want to do is sell." community." Waterioo Square, Waterioo â€" Phone 886â€"1250 e g*~ * 40 e MacGuigan also mentioned that Ottawa plans to open trade offices in Munich, Gerâ€" many and Perth, Ausâ€" tralia in the near fuâ€" ture. The "largest instruâ€" ment,‘‘ MacGuigan said, is the Export Deâ€" velopment Corporaâ€" tion, which helped Caâ€" nadian companies capâ€" ture $4 billion in export contracts last year. Canadian export trade, and MacGuigan briefly summarized them. He said the Program For Export Market Develâ€" opment will spend $25 million this year in helping corporations identify foreign marâ€" kets. The Promotional Projects Program has $8.6 million to assist firms conducting trade missions abroad.